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Theodore W. Schultz (1902–1998)

In: The Palgrave Companion to Chicago Economics

Author

Listed:
  • Paul Burnett

Abstract

Theodore W. Schultz (1902–1998) was the Chair of the University of Chicago Department of Economics from 1946 to 1961, providing leadership during a period of transition and expansion. Trained in agricultural economics and connected to the policy universe engaged with farm politics in the US, Schultz quickly linked Chicago research projects to questions about international economic development that were posed and supported by the federal government, private foundations, and policy associations. He is best known for his research contributions to the concept of human capital and his critiques of theories and models in development economics. Awarded the Francis A. Walker Medal in 1972, he shared the Nobel Prize in Economic Sciences with W. Arthur Lewis in 1979.

Suggested Citation

  • Paul Burnett, 2022. "Theodore W. Schultz (1902–1998)," Springer Books, in: Robert A. Cord (ed.), The Palgrave Companion to Chicago Economics, chapter 17, pages 401-420, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-01775-9_17
    DOI: 10.1007/978-3-031-01775-9_17
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